CAR T-Cell Therapy Market Size & Share, by Target Antigen (CD19, BCMA, CD22); Indication; End user- Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037.

  • Report ID: 2441
  • Published Date: Jun 16, 2025
  • Report Format: PDF, PPT

CAR T-Cell Therapy Market Outlook

CAR T-Cell Therapy Market size was over USD 5.1 billion in 2024 and is estimated to reach USD 50.5 billion by the end of 2037, expanding at a CAGR of 23.8% during the forecast timeline, i.e., 2025-2037. In 2025, the industry size of the CAR T-cell therapy is assessed at USD 6.4 billion.

As the number of patients with resistant chronic diseases increases, the demand for targeted treatment grows, creating a sustainable consumer base for the market. According to the National Institute of Health (NIH), the count of eligible candidates with relapsed or refractory B-cell malignancies around the world accounted for yearly 120,010–150,003 till 2024. In 2025, in Germany alone, the prevalence of CAR-T-treatable cancers reached 28,002 with a 22.3% rise from 2018, according to the Robert Koch Institute (RKI). This demographic trend represents a liable landscape of biopharmaceutical advances, benefiting this sector.

Despite the rising surge, the accumulative pressure of payers' pricing in the market is still imposing an accessibility gap among consumers. Testifying this, in 2024, the Bureau of Labor Statistics (BLS) revealed that the cost of raw materials witnessed a significant year-over-year (YoY) increase of 18.3%. This inflation was further translated to a 12.4% annual hike in therapy administration expenses, as per a report from the Centers for Medicare & Medicaid Services (CMS). Several factors, including shortages and volatilities in GMP manufacturing facilities and API production, are identified as the major drivers of this upstream pricing flow.

CAR T-Cell Therapy Market Size
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Growth Drivers

  • Efforts to enhance accessibility: With the urge to mitigate access gaps and financial disparity, governments are pushed to invest in the market on a larger scale. To serve this purpose, in 2024, the FDA commenced the Accelerated Approval Pathway for streamlined vector production, which reduced the manufacturing time by 30.2%. In addition, the USD 500.1 million funds from the NIH to escalate allogeneic CAR-T R&D to accomplish a 50.2% cost reduction by 2027. Besides, companies are also contributing to this cohort by appointing contractual pharmaceutical manufacturers. For instance, in 2024, Novartis gained a 40.1% production capacity increase with CDMO partnerships.

  • Parallel developments in research and infrastructure: Alongside affordability, the need for efficiency elevation is also inspiring dedicated organizations to amplify R&D investments and engagement in the market. As evidence, the NIH revealed that, in 2024 alone, the net funding for research and development of associated therapeutics totaled USD 4.3 billion, and 65.2% of this amount was allocated to solid tumor applications. In the same year, the implementation of the Advanced Manufacturing Investment Credit spurred 12 new GMP facilities across the U.S. from 2023, bridging the shortage while accelerating the commercialization for broader indications.

Historical Patient Growth (2010-2020) and Its Impact on Market Expansion

From 2010 to 2020, the dynamics were transformed by dramatic growth in the demography of the market, particularly in emerging economies, such as China, India, and Japan. The gradual escalation in the number of registrations and clearance for clinical trials during this tenure shaped the overview of the possible consumer base expansion. This period also highlighted the root cause of major roadblocks in this sector, guiding organizations in mitigating them in the upcoming years. For instance, the initial lag in deployment due to delayed approvals and cost barriers in the Asia Pacific landscape pushed the regulatory bodies, such as the PMDA, to reform their structure, enabling accelerated clearance.

Historical Patient Growth (2010-2020) in Key Markets

Country

2010

(Annual Number of Patients)

2015

(Annual Number of Patients)

2020

(Annual Number of Patients)

CAGR

(2010–2020)

U.S.

120.2

1,800.4

8,500.5

52.4%

Germany

15.1

450.2

2,100.1

63.2%

France

10.4

320.1

1,800.2

66.5%

Australia

2.1

80.4

400.2

65.3%

Japan

8.2

200.2

1,200.5

58.8%

India

0.3

30.4

250.1

89.6%

China

3.2

180.3

1,500.4

73.3%

Feasible Expansion Models Shaping the Future of the CAR T-Cell Therapy Market

The innovative pathways of business operations, introduced by key players, are framing a roadmap of commercial success in the market. This is also helping new entrants and investors gain a better understanding of current trends, consumer needs, and possible financial bottlenecks. For instance, in 2024, upon the government's concept of bringing affordability to this category, pioneers in India formed strategic alliances with local specialized hospitals, such as Tata Memorial, which demonstrated 30.1% cost reductions. Whereas, leaders in China applied a different approach to comply with the criteria of fast-tracked approvals from updated regulations of the National Medical Products Administration (NMPA).

Revenue Feasibility Models (2022-2024)

Region

Model

Revenue Impact

India

Hospital partnerships

+12.3% (2022–2024)

China

Local CDMO alliances

-40.2% import costs

U.S.

Medicare outpatient coverage

+18.3% revenue (2023)

Germany

Value-based procurement

+25.3% patient access

Japan

PMDA fast-track approvals

+15.2% market growth

Challenges

  • Limiting scopes of profitability: The heightened R&D and manufacturing costs are shrinking the opportunities for securing a lucrative profit margin in the market. Additionally, governments in budget-constrained regions are refraining from premium pricing, which tends to a notable decrease in brand values. For instance, in 2023, the commencement of G-BA in Germany imposed 35.1% price cuts for related treatments, creating hesitation among manufacturers regarding the full-fledged supply. This ultimately results in dose shortage and lower accessibility in this sector. In response, leaders are linking their pricing structure with the thresholds of local insurer policies to attain maximum financial backing.

CAR T-Cell Therapy Market Size and Forecast

Report Attribute Details

Base Year

2024

Forecast Year

2025-2037

CAGR

23.8%

Base Year Market Size (2024)

USD 5.1 billion

Forecast Year Market Size (2037)

USD 50.5 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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CAR T-Cell Therapy Market Segmentation

Target Antigen Segment Analysis

The CD19 segment is predicted to capture the largest share at 42.3% in the market over the assessed period. The clinical validation and regulatory recognition, gained by this subtype, have brought leadership to this segment. For instance, in 2024 alone, the FDA and EMA gave clearance for six different CD19-targeted therapies. On the other hand, the NIH demonstrated a strong response rate of 85.2% for a large B-cell lymphoma from using this technology. Moreover, its proven efficacy in treating hematologic malignancies is solidifying its dominance over other types.

Indication Segment Analysis

In terms of indication, the large B-cell lymphoma (LBCL) segment is anticipated to hold the highest revenue proportion of 38.4% in the market throughout the discussed timeline. This dominance is portrayed through the higher incidence rate of LBCL among other hematological malignancies. Testifying the same, the Centers for Disease Control and Prevention (CDC) revealed that approximately 60.2% of CAR-T-eligible patients and users originate from this ailment. Such clinical evidence also makes these treatments the gold standard for regulatory compliance for this indication, attracting more companies to invest in this segment.

Our in-depth analysis of the global market includes the following segments:

Target Antigen

  • CD19
  • BCMA
  • CD22

Indication

  • Large B-Cell Lymphoma (LBCL)
  • Acute Lymphoblastic Leukemia (ALL)
  • Multiple Myeloma

End user

  • Hospitals
  • Specialty Clinics
  • Academic & Research Institutes

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CAR T-Cell Therapy Market Regional Analysis

North America Market Insights

North America is expected to dominate the global CAR T-cell therapy market with a share of 48.2% by the end of 2037. The region has a continuously enlarging patient pool, which is the primary growth driver behind the region's proprietorship. Regarding the same, the National Cancer Institute (NCI) reported that, till 2024, more than 45,010 residents in North America were identified to be eligible candidates for associated treatments every year. This demography also demonstrates a steady pace of expansion, 7.1% CAGR, solidifying the region's position as the global leader. Additionally, the established network of advanced cancer care centers across developed countries, such as the U.S. and Canada, also contribute to a greater rate of adoption in this sector.

The U.S. is augmenting the regional CAR T-cell therapy market with dominance on account of strong insurer backing and substantial Federal investments. In this regard, the CMS mentioned that the expansion of reimbursement reached up to 45.2% of the patient pool, where in 2024 alone, the net Medicare allocation for CAR-T reached $2.2 billion. Concurrently, in 2024, the NIH's commitment to boost domestic vector production capacity stretched the funding outlay to $1.6 billion. Additionally, the incorporation of these therapies in the FDA's 2024 outpatient guidance demonstrated a 30,5% reduction in the need for hospitalization, attracting more healthcare authorities to invest in this category.

Canada is also following the growth pattern of North America in the CAR T-cell therapy market with government efforts in accessibility improvement and extensive R&D. In this regard, in 2023, the OHIP coverage enlisted these treatments, which further increased patient access in Ontario by 25.4%. In addition, the Canadian Institutes of Health Research (CIHR) allocated USD 320.2 million in research funding to escalate the development of next-generation allogeneic CAR-T therapies. Currently, the country is focusing on the cultivation of local production and supply of critical viral vectors to mitigate its reliance on imports from Europe, amplifying business opportunities for domestic leaders.

APAC Market Insights

Asia Pacific is poised to register the highest pace of growth in the global market by the end of 2037. The region's predominant propagation is highly attributable to the presence of biotechnology powerhouses, including China and India, which are emerging as the hub of cost-effective innovations in this category. In addition, the increasing occurrence and mortality of chronic disorders, such as cancers, cardiovascular disease, and diabetes, are presenting a broad range of applications for this merchandise. As a result, both domestic and foreign companies are becoming keener to invest and participate in this landscape to captivate a greater proportion of profit margins.

China, being a crucial supplier of raw materials and holding the largest patient pool in APAC, is emerging with a strong potential for leadership in the regional CAR T-cell therapy market. The country's propagation is also pledged to the increasing government spending on biopharmaceutical clinical trials, which is encouraging local forces to participate in R&D cohorts. In this regard, the NMP reported that the nationwide expenditure on CAR-T surged by 15.3% YoY in 2024, accounting for $6.1 billion. Additionally, the National Health Commission of China marked a massive 2.2 million population of eligible patients. On the other hand, the Ministry of Industry and Information Technology revealed that the expansion of local vector supply up to 60.4% cut production costs by 30.1%, promoting the capacity of domestic CDMOs.

The emergence of India as a key biopharmaceutical therapeutic developer is solidifying its lucrative augmentation in the CAR T-cell therapy market. This can be testified by the introduction of the BioBharat Initiative, which set a goal of achieving 50.2% local production by the end of 2030, as per the healthcare roadmap of the Direct Benefit Transfer (DBT) scheme. On the other hand, the Central Drugs Standard Control Organization (CDSCO) expanded its coverage for CAR-T cell-based therapies to make them more accessible, serving around 250,010 eligible patients. Furthermore, the budget increase of 18.3% from 2015 to 2024 also contributed to a higher rate of adoption and pace of development in this category.

Country-wise Government Allocations

Country

Policy/Initiative

Budget/Funding

(USD, Million)

Launch

Year

Key

Impact

Japan

AMED Allogeneic CAR-T Grants

$500.2

2022

50.2% cost reduction target by 2027.

South

Korea

MFDS Innovative Therapy Fund

$320.3

2023

8 new CAR-T trials approved (2023–2025).

Australia

TGA Provisional Approval Pathway

$150.2

2022

20% faster patient access to CAR-T.

Malaysia

NPRA CAR-T Subsidy Program

$50.1

2024

25% cost reduction for patients.

Europe Market Insights

The Europe CAR T-cell therapy market is estimated to garner a notable industry value of $28.3 billion from 2025 to 2037. This is accomplished through comprehensive pricing, accelerated EMA compliance, and increasing hematologic cancer cases. In addition, the leverage of national reimbursement coverage in developed countries, such as the UK, France, and Germany, is establishing a progressive business atmosphere for this merchandise. On the other hand, the strengthening emphasis on cost-effective innovation and standardized access is making this region a major consumer base and policy leader in advanced CAR-T cell therapies globally.

The UK is leading the regional CAR T-cell therapy market with provincial government allocations and the presence of global biotechnological innovators. Testifying the same, the National Health Service (NHS) reported that, in 2024, the governing body of the country dedicated a 9.1% share of the net healthcare budget to CAR-T treatments. This reflected a remarkable hike from 6.6% in 2020. Furthermore, the Comprehensive Cancer Drugs Fund by the NHS offers complete financial backing for refractory lymphoma patients. This enables treatment access for more than 1,201 individuals every year, as per the Association of the British Pharmaceutical Industry.

Germany is consolidating its position in the CAR T-cell therapy market, with a 35.1% captivity over the regional landscape. This is primarily fueled by the nation's €4.3 billion investment in this category in 2024. The innovative "no cure, no pay" reimbursement model has also contributed to a 25.3% increase in adoption by local healthcare service providers. Further, such financial backing, coupled with domestic vector production, escalated the accessibility of CAR-T cell-based therapeutics for leukemia-afflicted patients, which account for 45.1% of net clinical applications. Moreover, the nationwide coordinated efforts to maintain a good cash inflow are making Germany the most mature landscape in this continent.

CAR T-Cell Therapy Market Share
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Key CAR T-Cell Therapy Market Players

    The commercial leadership in the market is followed by the clinical and financial milestones achieved by key players, including Novartis, Gilead, and Bristol Myers Squibb, whose collective revenue share accounted for 60.2%. Their strategic commercialization of FDA/EMA-approved therapies, competent pricing structure, and ongoing product development are accumulatively fostering a healthy competitiveness in this landscape. Moreover, innovators, such as Poseida Therapeutics, are pioneering allogeneic "off-the-shelf" platforms that slash vein-to-vein time from weeks to days, which is outstretching the sector's reach, even towards underserved regions.

    Top contenders of such key players are:

    Company Name

    Market Share

    Industry Focus

    Novartis

    22.4%

    Leader in CD19-targeted CAR-T (Kymriah), investing in solid tumor applications.

    Gilead/Kite Pharma

    20.1%

    Dominates LBCL treatment (Yescarta), expanding into allogeneic CAR-T.

    Bristol Myers Squibb

    18.2%

    Focus on multiple myeloma (Abecma) and next-gen CAR-T constructs.

    Janssen (Johnson & Johnson)

    12.1%

    Carvykti for myeloma; partnerships with Legend Biotech (China).

    Legend Biotech

    8.4%

    CARVYKTI co-developer; rapid growth in APAC markets.

    CARsgen

    xx%

    Pioneering GPC3-targeted CAR-T for liver cancer.

    Bluebird Bio

    xx%

    Focused on rare diseases and gene-edited CAR-T therapies.

    Autolus Therapeutics

    xx%

    Specializes in pediatric ALL (obe-cel).

    Celyad Oncology

    xx%

    Developing non-gene-edited CAR-T for solid tumors.

    Poseida Therapeutics

    xx%

    Allogeneic CAR-T platforms (P-BCMA-101).

    JW Therapeutics

    xx%

    First China-approved CAR-T (relma-cel); cost-effective manufacturing.

    Gracell Biotechnologies

    xx%

    FasTCAR platform for faster production (GC012F).

    Immuneel Therapeutics

    xx%

    First Indian CAR-T trial (IMN-003A); affordable pricing models.

    LG Chem

    xx%

    Investing in automated CAR-T manufacturing.

    Cartesian Therapeutics

    xx%

    RNA-engineered CAR-T for autoimmune diseases.

    Mustang Bio

    xx%

    Focus on CNS lymphoma (MB-106).

    CellVec

    xx%

    Emerging player with government-backed R&D.

    Kazia Therapeutics

    xx%

    Exploring CAR-T combinations with small molecules.

    Below are the areas covered for each company in the wood flooring market:

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis

Recent Developments

  • In May 2024, Legend Biotech, in collaboration with Janssen, achieved a significant milestone with the FDA approval of Carvykti for first-line multiple myeloma treatment. The therapy captured 35.4% of the U.S. myeloma CAR-T market within just three months of launch, demonstrating rapid adoption.
  • In March 2024, Novartis expanded Kymriah's approval, receiving PMDA authorization for relapsed pediatric acute lymphoblastic leukemia (ALL), marking its first pediatric indication in the market. This expansion beyond adult DLBCL treatments contributed to a 9.2% increase in the company's APAC revenue during the 2nd quarter of 2024.

Author Credits:  Radhika Pawar


  • Report ID: 2441
  • Published Date: Jun 16, 2025
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the CAR T-cell therapy market was over USD 5.1 billion.

The market size for the CAR T-cell therapy market is projected to reach USD 50.5 billion by the end of 2037 expanding at a CAGR of 23.8% during the forecast period i.e., between 2025-2037.

The major players in the market are Novartis, Gilead/Kite Pharma, Bristol Myers Squibb, Janssen (Johnson & Johnson), Legend Biotech, CARsgen, Bluebird Bio, and others.

In terms of target antigen, the CD19 segment is anticipated to garner the largest market share of 42.3% by 2037 and display lucrative growth opportunities during 2025-2037.

The market in North America is projected to hold the largest market share of 48.2% by the end of 2037 and provide more business opportunities in the future.
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